Fix the Phantom wallet transactions may fail to confirm issue
Before proceeding further we should know some basic terminologies regarding Phantom Wallet and how it works. Well, Phantom or Phantom Wallet is a Defi exchange that provides financial support to customers around the globe. In simpler terms, it is a decentralized platform where you can buy, sell, and trade your coins, tokens, or cryptocurrencies. This is a new generation DApps platform where you can do multiple things in one place. Now, the Phantom wallet falls under the Phantom Defi platform because it’s a part of it. The main reason these exchanges make wallets in the first place is to secure the data and currency. Phantom wallet pretty much does the same.
- This wallet exists only for storing the key value of the private key and public key.
- Used to make transactions of coins from one exchange to another.
- Diversified methods to store keys or seed phrases in the wallet.
Why my transaction is failing to confirm?
There might be many reasons why you are getting errors of transaction failed. Like Phantom wallet is not available in every single country but if you are from an authorized country then you can download the DApps and make use of it. But many people try to use the wallet even in unauthorized countries via VPN or some random websites which end up downloading either the wrong application or a scam. So be aware of such things.
There is only one way to resolve this issue to delete the third-party application and either download it from the official website of Phantom Wallet or from the App Store if it is available in your country. If not, then just wait for some time for this to launch in your region and you will be able to make full use of this amazing platform.
Let us fix this issue on Phantom Wallet:
We will make it quick though, there won’t be any long procedures. We have picked up some good and legit ways through which you can fix this “Phantom wallet transaction may fail to confirm” issue.
But first, you need to know this thing that these troubleshooting steps are only applicable if you are authorized to use the Phantom Wallet in your country. Otherwise, you cannot perform these exercises in other unauthorized regions.
If you are getting this error in your Phantom Wallet then you should
- Restart your Phantom wallet
- Logout then try to login again to see the changes in your account
- Desktop users can clear the browser history and cookies and start fresh again
- Check the internet connection, if it is fast or slow, most of the time people fail to make a transaction because of the poor network area.
If all the mentioned exercises worked then your issue will be resolved but if you are still getting the issue then try using one of the following ledgers in your wallet to make secure transactions.
- Allbridge (Transfer BSC.BUSD-SOL.abBUSD)
- Saber (Swap abBUSD-USDC)
- Raydium (Swap, Farms, Staking)
We will be discussing all three supported ledgers and you can choose as per your requirements which one suits you the best.
Allbridge.io
It is a modular and expanding token bridge which is a simple, modern, and reliable way to transfer assets between blockchain networks. Its major goal is to make the crypto world borderless and provide an easy way to freely move assets between different blockchain networks.
Key features of Allbridge.io:
- A bridge between EVM (Ethereum, Polygon, BSC) and non-EVM chains (Solana, Terra, L2- blockchains).
- Fastest transfer: Involves 2 transactions on the source and destination chains with quick transactions.
- No limits: Supports limitless transfers which allow transferring millions of dollars at a time
- Fee reduction and Rewards: Provides a dynamic fees system that allows Allbridge stakers to reduce transfer fees.
- Security: Audits from Hacken showed that the code of Allbridge is well secured and further audits are still going on providing the trust between the companies.
- User-friendly design: Allbridge has created a straightforward design that does not require users to read guides and documentation and is very easy to use.
Saber.so
It is the leading cross-chain stable coin exchange on Solana providing the liquidity foundation for stable coins or a cryptocurrency whose value is attached to another asset.
Key features of Saber. so:
- More volume-less slippage: Saber enables low slippage trading, even at large volumes, while maintaining a high capital efficiency for liquidity providers.
- For Traders: Trading stable pairs instantly with minimal fees.
- For Liquidity providers: Earn yield from the transaction fees, liquidity incentives, and much more.
- For Developers: Integrate deep on-chain liquidity for earning and trading with stables.
Raydium.io
Well, it is an AMM (Automated Market Maker) built on the Solana blockchain that shares only liquidity with the Serum Defi exchange.
Key features of Raydium.io:
- AMM Order book: It basically interacts with Serum’s central limit order book in order to have all the access to the order flow and provide liquidity on the Serum, and vice versa.
- Best in Price Swaps: Well, Raydium determines if swapping within a liquidity pool or the Serum order book will provide the best price for the user. If yes, then it automatically executes the task accordingly.
- High-Liquidity Launches: It provides a straightforward 3 step process to raise funds and bootstrap liquidity on Raydium and Serum.
We have discussed all the Ledgers which will be available in Phantom Wallet to make transactions via the Solana Blockchain. However, it will be available only in supported countries. So choose as per your preference and availability and make transactions after setting up the Wallet and make sure to fix the “Phantom wallet transaction may fail to confirm” issue.
Conclusion:
In the above discussion, we have read about the Phantom Wallet, its available Ledgers, and the way to fix the issue regarding your failed transactions. Please note this thing that the Phantom Wallet is only supported in a few countries and if you are of legal age for trading and investing. Using this application via any other means can lead to serious crime and can fall under cybercrime. So, make sure to follow all the instructions carefully and trade cryptocurrency legally.
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